Lean Hog futures closed Wednesday with most contracts 47.5 cents to $1.525 higher. The CME Lean Hog Index was up 35 cents from the previous day @ $54.85 on January 7. The USDA pork carcass cutout value was down 49 cents on Wednesday afternoon at an average weighted price of $69.67. The national base cash hog carcass value was $1.02 higher in the PM report, with a weighted average of $51.19. This week’s FI hog slaughter through Wednesday was estimated at 1.423 million head, which was 54,000 head larger than the same week last year.

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